By setting the investors' best interest as the overarching standard of conduct, Reg BI ensures that customers will not only have unfettered access and choices, but they will be protected by a significantly heightened standard of care.
McHenry emphasizes the importance of investor protection and choice under Regulation Best Interest.
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This should be a bipartisan process, and I intend it to be, so please share your input.
However, if we fail to provide a functional framework for digital assets in this country, all we are doing is forcing this activity to happen in an offshore exchange, rather than in a nicely-innovative, properly-regulated U.S. working…
Unfortunately, the Biden Administration's proposed beneficial ownership regime is not consistent with congressional intent.
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